Multiple choice

Which of the following is true about the 'fundamental attributes of a scheme'?

  1. Investment objectives of a scheme is not a fundamental attribute

  2. They can be changed after informing investors and taking approval from SEBI and trustees

  3. Offer document need not be updated after change in fundamental attributes of the scheme

  4. All are false
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Fundamental attributes of a scheme include investment objectives and other core features. These CAN be changed, but only after informing investors and obtaining approval from both SEBI and trustees. Option A is wrong because investment objectives ARE fundamental attributes. Option C is wrong because the offer document MUST be updated.

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